Is BTC your cup of Tea? or you hanging upside down?
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Ladies and Gentlemen, trading isn't for the weak (like myself), however, there will be a big light at the end of the tunnel.
Like me explain it in laymen's terms!
We didn't break the important $10,500, this being the case we had a larger correction then most people expected. Now are searching for new support.
Here is what I'm thinking.
Cup and Handle - If we can range between $8,700 - $8,350 for the next week or so we could start to build the handle allowing with consolidation and volume to allow a further move up.
Inverse Head & Shoulders - If the $8,700 - $8,350 range fails, well then we could be heading to $7,800 - $7,200 range where we could see a large bounce heading towards $10,400 - $10,200 range which should be resistance in late May - April.
As much as people want to believe this correction is due to a virus or the stock market its not. Everything is playing out perfectly so please sit back relax.